KLP Kapitalforvaltning AS Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

KLP Kapitalforvaltning AS bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 22,000 shares of the financial services provider's stock, valued at approximately $3,887,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the fourth quarter worth approximately $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth $28,000. Versant Capital Management Inc raised its holdings in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $33,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.99% of the company's stock.

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Interactive Brokers Group Trading Down 2.5 %

IBKR traded down $4.28 on Friday, hitting $164.72. 2,372,708 shares of the company were exchanged, compared to its average volume of 1,235,632. The firm has a 50-day moving average price of $201.93 and a two-hundred day moving average price of $178.85. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group's payout ratio is 14.16%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBKR. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.